As many of you have doubtless read over the past week or so, it seems
that some loan servicers have been a bit lax in following those pesky
“rules” when processing foreclosures.
In some states, California not among them, the foreclosure process
requires that servicers sign an affidavit swearing that they have
confirmed certain facts about the loan to be foreclosed upon. In
their efforts to blaze through all the piled-up foreclosures, some
servicers signed such forms in bulk without having actually confirmed
the individual facts. This puts the legitimacy of some
foreclosures into question.